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Business Combination (Tables)
 9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Schedule of Business Acquisitions
The bargain purchase gain was computed as follows:

Consideration Paid:
$ (in thousands)

Cash
$
220,159


Common stock issued
218,397


Preferred stock assumed
172,500


Total consideration paid
$
611,056

 
 
 
Assets acquired:


Cash and cash equivalents
399,402


Restricted cash
10,552


Investments
1,491,484


Other assets
34,822

 
 
 
Liabilities assumed:


Borrowings under repurchase agreements
(1,254,518
)

Other liabilities
(30,665
)
 
 
 

Net assets acquired
651,077






Bargain purchase gain
$
40,021

The following table provides the pro forma consolidated operational data as if the Merger had occurred on January 1, 2016:



 Nine Months Ended
(in thousands, except per share data)

September 30, 2016
Total revenue


$
280,230

Net income attributable to common shareholders
40,161





Common shares outstanding at September 30, 2016
80,826,566

Net income per common share, basic and diluted
 
 
$
0.50